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The founder of the Cris-Tim Family Holding company, Radu Timiş, officially confirmed yesterday, in a press conference organized at the Radisson Hotel in Bucharest, what the BURSA newspaper announced last Wednesday, namely that the company he founded is "almost ready” to list on the Bucharest Stock Exchange.
The information published by the BURSA newspaper, a priority in the media, taken over by other news sites, was also reposted online by a business newspaper, later appearing to be eliminated, since it could not be opened. Yesterday, colleagues from the respective financial newspaper changed their minds and published the information, as exclusive, just before the press conference, specifying that Radu Timiş Jr., CEO of Cris-Tim, confirmed it to them.
We mention that, last week, we requested the opinion of Cris-Tim representatives on the subject, but not only did they not answer us, but we were informed by the company's PR that the news was not true and that it would be best to remove it, at least partially, from the site. (For those who don't know us, we did not remove any information from the news).
It never crossed our minds that, last Wednesday, Cris-Tim did not intend to list in the near future, and we gave it this idea, which it announced, in less than a week, in a press conference...
• Radu Timiş: "We are almost ready to list on the stock exchange”
Regarding the subject of the listing, the representatives of Cris-Tim Family Holding stated that this step has been prepared for several years and is considered a decisive one for the next stage of the company's development. The founder of the group, Radu Timiş, underlined the importance of this moment for the company, but also for the local capital market:
"We intend and are almost ready to list on the stock exchange. We believe that it is the best thing that could happen for our company and for Romania, because it is an extraordinary step, especially since nothing has been listed so far and this step will take us and our company to a completely different level. The dream of my son, who is much braver than me, is to be the largest food company in Romania in five years, to be a 500 million euro company. (...) Until now, we have only developed with our own money and the money of the banks. We have always been in debt, but today we are in a position to attract capital to be able to develop our company. We now have three factories only in the sausage and ready-meals area, where we produce between 215 and 500 tons daily, but it is not enough. We want to produce even more, we want to we also produce for the surrounding countries, and this listing will help us achieve all these dreams”.
The company's CEO, Radu Timiş Jr., completed the strategic perspective, explaining that the listing is not just a specific objective, but an integral part of the development plan for the coming years.
"The year 2025 is a landmark moment in our history because we intend to move into a new stage of development and that is why we intend to list on the stock exchange because, in the coming period and in our 2025-2030 strategy, we intend to enter a new process of market consolidation. We intend to grow both organically, through an extensive investment plan amounting to 890 million lei by 2030, and through a series of mergers and acquisitions to consolidate our leadership position in the categories in which we operate. We believe that the capital market has many opportunities to offer Romanian companies, much more varied sources and much wider availability for attracting capital. We were talking about this listing even seven years ago, so somehow even then we were thinking that we would reach this step and today we are very happy to announce it. We are a transparent company, we are a company with very professional management and, with this listing, we will certainly align ourselves with the best governance practices and international standards”, said Radu Timiş Jr.
In turn, the company's financial director, Răzvan Furtună, presented the current size of the business and the lines of activity included in the listing perimeter: "We have a very strong company and an extraordinary human resource. We are talking about over 2,000 employees with a stability rarely seen in a very difficult market from a human resources perspective. The company has performed very well over time, but in the last five years the performances have really been seen. Last year we had a turnover of 1.2 billion lei. We are talking about two segments, two business lines: sausages and ready-meals. The turnover for the sausages segment represented somewhere around 86% in 2024, and for ready-meals somewhere around 9.4%. At the moment, the company that will be listed is the company that deals with these two business lines. Any other type of asset, human resource or secondary business line is not part of the scope of this listing”.
The listing process is set to go smoothly, as explained by the company representatives. The prospectus will be sent to the Financial Supervisory Authority in the immediate future, the announced time horizon for the start of the actual listing process being approximately one and a half months. The offer will have a mixed structure, through the subscription of new shares issued by the company and the sale of a block of shares of existing shareholders, and the intermediation is ensured by a consortium formed by BCR-Erste and BRD. The company's valuation, the exact structure of the offer and the targeted free-float will be made public together with the prospectus.
In parallel with the listing, the company already has a clear investment plan. The production platform in Filipeştii de Pădure is to be completely redesigned and transformed into the most modern meat processing plant in Southeastern Europe, with investments also targeting new storage capacities and logistics automation through a central hub that will integrate existing warehouses. In addition to developing its own brands, the company also aims to expand into the private label area, with the intention of becoming competitive at a regional level, not just locally.
Thus, Cris-Tim Family Holding is entering a stage in which it is preparing to combine its entrepreneurial DNA with the rigor that the status of a listed company implies, relying on the capital attracted from the stock exchange to accelerate organic development, to finance acquisitions and to consolidate its status as a leader in the Romanian and European food industry.
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